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Beyond Offshore and Vendor Management Programs: A Look at Other Trends that Matter
Here are some trends recently reported in Business 2.0 and the book Impending Crisis: Too Many Jobs, Too Few People, presenting a more optimistic picture of the future for the IT services industry: The Coming Talent Crunch in the U.S. - Hard as it is to believe, given the current oversupply of labor, the size of the available workforce will shrink within this decade. As has been noted by numerous authorities, the baby boom generation will begin to retire and the succeeding generation is smaller. By one analysis, the skilled worker gap (the shortfall in the number of workers to the number of available positions) will grow to 5.3 million workers by 2010. Demand for Many Technology-related Occupations will Continue to Grow at a Rapid Pace - According to the Bureau of Labor Statistics, among the job categories that will experience the highest levels of demand, seven of the top ten are computer related occupations. For example, the demand for software engineers is expected to double by 2010. Too Few Students Are Pursuing Technology-related Occupations - As has been noted by many observers and is the focus of The Open Door Education Foundation mission, too few U.S. students are drawn to computer related fields. The recent tech downturn has exacerbated this trend so that fewer graduates are entering the industry at the same time that an increasing number of workers (the “Baby Boomers”) are retiring from the industry. More Jobs Translates into Opportunity for Those Who Prepare Now - So there will be more high-paying jobs for those with a high-level of training and education. Those clever enough to prepare now will reap their rewards in the future.
Mark Roberts, CEO |
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